Troika report probably due October 24th

The Troika report is expected on October 24th, according to Eurogroup leader Jean-Claude Juncker’s statements to Reuters.

He added that a Greek default would be a catastrophe, causing a ripple effect in the global financial system, and referred to earlier statements made by German Chancellor Angela Merkel, underlining that there is no talk of a Greek debt restructuring.

Deputy IMF representative David Haley stated that the report is “just a matter of days”. The IMF made it known that the deliberations with the Greek government about the 6th installment are “about to finish”.

“We foresee a completion of this task quickly”, he answered during a press conference in Washington.

“Soon, which often means it is a matter of days”…he stated, mentioning that “the exact date of our mission cannot be decided in advance”, as well as that “even at this stage, there is nothing unusual… it cannot be accurately stated which day the report will be finished”

The same representative denied rumors that the IMF is in favor of revising the July 21st agreement with private Greek creditors, an agreement which counts on the maturity of the bonds they hold, as well as their interest rate.

“We support the agreement concluded on July 21st, which is a combination of private sector involvement and greater public sector support”, he replied.

These statements, together with Merkel’s own on recapitalization of banks, are lending strength to the markets, while the euro exceeds 1.34 dollars.